Karora Resources Inc (KRR.CA) Stock Technical Analysis
TSX:KRR - Toronto Stock Exchange - CA48575L2066 - Common Stock - Currency: CAD
Taking everything into account, KRR scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, KRR is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, KRR did better than 93% of all other stocks. We also observe that the gains produced by KRR over the past year are nicely spread over this period.
KRR is one of the better performing stocks in the Metals & Mining industry, it outperforms 84% of 794 stocks in the same industry.
A new 52 week high is currently being made by KRR, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month KRR has a been trading in the 6.21 - 7.01 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Besides having an excellent technical rating, KRR also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
3.92
6.77
We found 6 important support areas.
- A support zone ranging from 6.48 to 6.50. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 6.31 to 6.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 6.03 to 6.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.34 from a horizontal line in the daily time frame.
- Support @4.52 from a trend line in the weekly time frame.
- Support @3.96 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for KRR.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for KRR.CA is up. |
| ChartMill Relative Strength | 93.32 | POSITIVE | KRR.CA has a high relative strength, it outperformed 93.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of KRR.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of KRR.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of KRR.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.5 | NEUTRAL | The RSI value for KRR.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests KRR.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 41.36 | NEUTRAL | The Stochastics value for KRR.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.19 | MEDIUM VOLATILITY | The ATR as a percentage value for KRR.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 26.23 | POSITIVE | The high ADX value value for KRR.CA suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
TSX:KRR (8/2/2024, 7:00:00 PM)
6.7
+0.16 (+2.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg2.45%
1 Week6.01%
2 Weeks0.9%
1 Month3.24%
3 Month25.23%
6 Month67.08%
12 Month55.45%
2 Year134.27%
3 Year105.52%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%3.19%
ATR Inc86.91%
Range Today0.44
ADR(20)0.2
ADR(20)%2.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.32
Mansfield2.61
10 Day High7.01
10 Day Low6.21
20 Day High7.01
20 Day Low6.21
52 Week High7.01
52 Week Low3.6
CS1 End6.5
CR1 StartN/A
Volume & EV
DER(3)-1.71%
DER(5)0.05%
Volume1.98M
Volume Incr206.18%
Vol(5)1.57M
Vol(50)657.84K